• Sunday, 16 May 2010 23:09
• Written by Desmond Wira

Bullish Engulfing candlestick signals bullish reversal. This pattern characterized by 2 candles. One is black candle, and the other is white candle. The white candle has longer body and covering all the first candle body. Reversal signal created from this candle is strong. Most of the times, when this candle appears, the reversal will soon going on.

Type: Bullish Reversal Strength signal: Strong. Characteristic: Consist of 2 candles Candle #1: Black candle Candle #2: White candle. This candle has longer body and covering all the first candle body Usually the longer body in second candle indicates stronger signal.

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